Propose a change

Title 17 Corporations, Partnerships and Associations

Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.

Change 1

What to do with it
As published

17-16-1405. Effect of dissolution.

(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including: (i) Collecting its assets; (ii) Disposing of its properties that will not be distributed in kind to its shareholders; (iii) Discharging or making provision for discharging its liabilities; (iv) Distributing its remaining property among its shareholders according to their interests; and (v) Doing every other act necessary to wind up and liquidate its business and affairs. (b) Dissolution of a corporation does not: (i) Transfer title to the corporation's property; (ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records; (iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8; (iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws; (v) Prevent commencement of a proceeding by or against the corporation in its corporate name; (vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or (vii) Terminate the authority of the registered agent of the corporation.

Your change, as a redline

17-16-1405. Effect of dissolution.

(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including: (i) Collecting its assets; (ii) Disposing of its properties that will not be distributed in kind to its shareholders; (iii) Discharging or making provision for discharging its liabilities; (iv) Distributing its remaining property among its shareholders according to their interests; and (v) Doing every other act necessary to wind up and liquidate its business and affairs. (b) Dissolution of a corporation does not: (i) Transfer title to the corporation's property; (ii) Prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records; (iii) Subject its directors or officers to standards of conduct different from those prescribed in article 8; (iv) Change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws; (v) Prevent commencement of a proceeding by or against the corporation in its corporate name; (vi) Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or (vii) Terminate the authority of the registered agent of the corporation.

One line that says what changes, such as "Halve the dog tax".

Who it helps, what it costs, what it fixes. It is what persuades people to support it.

A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.

Sign in to file your proposal. What you have written stays on this page.

Sign in to file it